Red Deer Housing Market Update: Boom or Bust?

February 2024 Red Deer Real Estate

The data in the slide shows real estate sales in Red Deer, Alberta from January 1 to February 29, 2024, compared to the same period in 2023 and 2022. Here are some specific details:

  • There were 200 sales in 2024 which is 2% more than the 196 sales in 2023. 
  • There were 503 active listings on February 29, 2024. This is 362 fewer listings than the 865 active listings in February 2022.
  • There were 370 new listings reported in January and February of 2024.

It is important to note that this data only represents two months and may not indicate a long-term trend.  

Do you have other questions about the real estate market in Red Deer?

Red Deer Sales by price range February 2024

This graph from Century 21 Advantage shows the number of detached homes sold in Red Deer between January 1st and February 29th, 2024, along with new listings that came on the market during the same period.

There were 118 detached homes sold on the MLS® in Red Deer during the first two months of 2024. The most common price range for these homes was between $400,000 and $500,000, with thirty-six homes being sold in that range. There were twenty-five homes sold in the $350,000 to $400,000 price range, and twenty-three homes sold in the $300,000 to $350,000 price range.

It is important to note that this is just a small snapshot of the Red Deer real estate market. The market can fluctuate from month to month, and many other factors can affect the price of a home, such as location, size, and condition.

If you are thinking about buying or selling a detached home in Red Deer, it is important to consult with a qualified real estate agent. They can help you understand the current market conditions and find a home that meets your needs.

If you'd like to book a private open on one consultation please fee free to reach out to Patrick Galesloot at 825-251-8730